Through "IMM INVEST Romania" programme, SME's will receive support to access financing through 50 pct state guarantees

The Government has approved on Friday, through a memorandum, the "IMM INVEST Romania" programme, granting support to the small and medium-sized enterprises in order to access financing by the State guaranteeing 50 pct of investment loans and/or credit lines for working capital, announced Alina Petrescu, spokesperson for the Government.

"A memorandum on the IMM INVEST Romania programme was adopted in the Government sitting today, a programme aimed at encouraging small and medium-sized businesses. The SMEs will receive support to access financing through 50 pct state guarantees of the investments loans and / or credit lines for the financing of the working capital, "Alina Petrescu specified during a press conference at the end of the Government sitting.

The Government's spokeswoman said that the implementation of the programme approved by memorandum will be carried out by adopting a "joint order of the Minister of Public Finance and the Minister of the Environment, Commerce and Entrepreneurship".

"In the case of investment loans, the maximum value will amount to 10 million lei, and the collateral will obviously amount to no more than five million lei. In the case of credit lines for the financing of the working loans, the maximum amount of the guaranteed loan will be five million lei and, implicitly, the collateral value, 2.5 million lei," stated Alina Petrescu.